Where has all the money gone?

by Alex Hulkes

The concept of ‘place’ is a key part of the UK’s Industrial Strategy. Knowledge, capabilities and skills might be rather abstract things but in the end they act through and on people who have a physical presence in a place or places.

We’ve just published some new analysis of ESRC regional spending (PDF) which links the intangible inputs and outputs of ESRC funding with their physical and geographical placement.

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The Innovation Caucus: Championing the social sciences to support innovation-led growth

Professor Tim Vorley is convening the Innovation Caucus with the support of Dr Chay Brooks. Both are based at Sheffield University Management School, where they are members of the Centre for Economic and Enterprise Development. Tim’s research focuses primarily on the nature of institutional development in fostering entrepreneurial economies, while Chay’s research is focusing on entrepreneurial philanthropy.

Tim Vorley 150x150 Chay Brooks 150x150

From small businesses to global corporations, innovation is recognised as central to economic growth. However, if innovation-led growth is to thrive there is a need to build on insights about the innovation ecosystem in the UK and beyond. Understanding innovation has been a long standing focus of social science researchers across a broad range of disciplines. Social science research has a strong pedigree in generating international insights into innovation, ranging in focus business models to business environments and regulation to societal acceptance.

To enhance the impact of social science research the Economic and Social Research Council (ESRC) has jointly funded a new initiative with Innovate UK to bring our communities closer together and promote collaboration. The recently established Innovation Caucus is a multidisciplinary team of researchers, who are working to ensure social science research informs the strategy and practice of Innovate UK. The Innovation Caucus aims to bridge the knowledge gap by providing Innovate UK strategists, analysts and technologists with research-based insights about the innovation process and the innovation ecosystem. Continue reading